The Real Reason Bitcoin Is Stuck: Futures Trading Dwarfs ETFs 20-To-1
3 minutes ago
Bitcoin’s recent inability to escape a tight tradi
The Real Reason Bitcoin Is Stuck: Futures Trading Dwarfs ETFs 20-To-1
Bitcoin’s recent inability to escape a tight trading range may have less to do with spot Bitcoin ETF flows than many headlines suggest, and more to do with the derivatives complex still doing most of the heavy lifting, even as futures activity cools.Comparison of aggregate volume metrics | Source: X @Darkfost_CocBitcoin Net Taker Volume | Source: X @Darkfost_CocBitcoin apparent demand growth | Source: X @jjcmorenoBitcoin Realize Price by Age | Source: X @CryptoVizArtBitcoin remains between the 0.618 and 0.786 Fib, 1-week chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
